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smart money is buying coins on Huobi, and selling them on stamp asap. the arbitrage is huge. no doubt it'd been going on all day.
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Why is everyone still following Huobi with their goddamn fake volume?
Trader at stamp:
"Oh look, Huobi is going down, I guess I have to click the sell button, fast!!!"
Lol if you ask me stamp is very resilient right now. but follow we must, because arbitrage is never far away. ......I doubt that we will pass the lows for a few hours, if ever. |
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"It added that investors are free to trade in bitcoins at their own risk, but should know they cannot be used as legal tender."
That is hopeful to me. the attitude is not hostile, and I think that means by the by the unclear ways of the PBOC, we may have some positive announcements.
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When people are complaining and saying "its not cheap yet" after missing a bottom its usually a dead on indicator to buy
yeah exactly, and especially so many people looking to buy at 300-400. for that reason alone it cannot reach that price. |
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Not bashing anyone, but this is worse than gambling, because families lose out when you cash in, not a casino. Every extra piece of pie is on that came off someone elses plate.
The only reason why somebody should lose money/value is if he/she pays too much for a bitcoin. and why should anybody sell it to them for less than it's worth? or even a fair price? if they pay too much, they have just given their money away, and it's nobodies fault but their own. If they then panic sell when they see the price fall, that is their fault too. gambling at a casino is much worse, because everyone loses eventually at a casino, and they cant feed themselves either. bitcoiners have made a net profit because they have provided a service of liquidity and capital support to a very innovative technology. |
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seems to me that BFX has a big hidden order at 500. really like trying to hide an elephant.
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textbook beartraps during the recovery after the bottom, could go as low as 480$, but probably not
+1 but I do not like being tested like this. I am thinking around 520~ for the next 6h candle, and to 560~ after yeah, who knows how rapid this upswing could be. Bitstamp has hit 533 from 465.... I think such volatility puts into perspective even 600, and it will have a big run up. hopefully this textbook bottom is supported by something real, maybe the 'news' will be made clear soon, to everyone's surprise as always. |
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No one said taking the bankers down would be easy folks.
At the moment I think goverments are by far the biggest threat to Bitcoin... banks, governments....... whats the difference? |
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textbook beartraps during the recovery after the bottom, could go as low as 480$, but probably not
+1 but I do not like being tested like this. |
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I say $600 BTC in 24 HOURS LOL
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Now that Bitstamp is becoming the main exchange, it's going to take 5K-10K walls to be significant, like the good old days, rather than 1K walls.
True, but there is no 1k sell wall. |
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1k + buy wall on stamp  |
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^^ oh you are just asking for a squeeze lol.
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Walls gone on stamp |
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Bitstamp is tanking it harder than Huobi..... i think that means the drive is not fundamental.
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A picture like that has to be a joke. obviously.
Rpietila, Do you think we have hit another bottom?
This event has unfolded in a classic elliot wave. high volume on the third wave, wedge (dry liqiudity) fourth, exhaustion by the fifth (465), and now a sharp reaction.
The bottom must come within a couple days of this if the news is legit right? because the decision necessary to make by all the chinese investors is pretty straight forward.
But the sharp reaction has been on low volume and during US 'sleep' time....when Europe wakes up will be our first indicator. Personally, I can see us retesting 400, especially given the weekend. EDIT: And can I also add my familiar and no doubt tiresome refrain: the ever dwindling Bid-sum and the unhealthy bid/ask ratio. Not sure about that, I thought China was driving the market. |
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Why is everyone still treating the China news as unconfirmed? I assumed the second drop was due to its confirmation.
In a shorter timeframe, is obvious inverse head and shoulders obvious to anyone else? The problem are those walls to $530.
well I will never know for sure myself, I dont trust anything but the chart. The chart tells me that something indeed is confirmed and it is bad news, but that the recent price action has been panic, and the fall has been exhausted. If the news is 'fact' or decisive then a binary outcome would be much swifter and severe. The head and shoulders is comforting. |
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aye, 3200 is a tough nut to crack.
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A picture like that has to be a joke. obviously.
Rpietila, Do you think we have hit another bottom?
This event has unfolded in a classic elliot wave. high volume on the third wave, wedge (dry liqiudity) fourth, exhaustion by the fifth (465), and now a sharp reaction.
The bottom must come within a couple days of this if the news is legit right? because the decision necessary to make by all the chinese investors is pretty straight forward.
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